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MOSCOW – Russia is desperate for the world to think of it as a superpower again.

Last week, Vladimir Putin — the country’s once and presumed future president — proposed the formation of a “Eurasian Union” among former Soviet states. The move was widely seen as a challenge to the West, and a push to reestablish Moscow’s former empire.

Putin floated his idea in the context of an unprecedented Russian military renaissance. Moscow is so eager to re-establish its military mojo, in fact, that it has pledged $730 billion to equip its long-neglected armed forces with 21st century weaponry by 2020. According to the plan, Russia's military will receive 1,000 new helicopters, 600 combat aircraft and 100 warships – including aircraft carriers and 8 nuclear-powered ballistic missile submarines. The build-up also envisions new generations of intercontinental missiles and advanced air defense systems.

That all might sound formidable. But more than anything else, Moscow’s ability to reclaim global dominance depends on one key piece of military machismo: the sleek, futuristic "fifth generation" fighter plane known as the Sukhoi PAK T-50.

With its sharply swept-back wings and dart-like profile, the T-50 is the first significant Russian aviation design not derived from the former Soviet Union's amply-stocked military cupboard.

But the big question is, does Russia have the manufacturing wherewithal to make it happen?